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Shares of MIDD Up 21.6% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Middleby Corp (NASDAQ:MIDD) on January 9th, 2019 at $108.62. In approximately 5 months, Middleby Corp has returned 21.62% as of today's recent price of $132.10.

In the past 52 weeks, Middleby Corp share prices have been bracketed by a low of $96.65 and a high of $139.94 and are now at $131.95, 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

The Middleby Corporation designs, manufactures, markets, and services a broad line of equipment for use in cooking and preparing food. The Company products are used in commercial and institutional kitchens and restaurants. Middleby serves customers worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Middleby Corp shares.

Log in and add Middleby Corp (MIDD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights middleby corp

Ticker(s): MIDD